18
Map
$460,000
●
Condo -
Off Market
5 Pirates Lane #B
Gloucester, MA 01930
1 Bed
1 Bath
787 Ft²
$2,996
Est. Monthly
$260
HOA / Fees
4.02%
Cap Rate
About This Property
One of a kind! Enjoy views of Smith Cove and Gloucester
Harbor from this waterfront condo. This one- bedroom unit is in
move in condition, offering hardwood floors, granite kitchen
counters, newer stainless appliances, updated bathroom and recently
installed mini-split for cooling. In unit exposed stone and
brick give a real unique character to the space. The open concept
design maximizes the living area and could easily allow for an
additional bedroom or separate office if needed. The unit features
an exclusive use patio with quick, easy access to the parking area.
Easy access to 128, Rocky Neck, Niles Beach and Downtown
Gloucester. Carefree waterfront living. The perfect home or
weekend getaway. Come and relax.
Unit Size
787 Ft²
Days on Market
-
Land Size
-
Price per sqft
$622
Property Type
Condo
Property Taxes
$330
HOA Dues
$260
Year Built
1890
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (MLSPIN #73400767)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 22, 2025 | Sold | ||
| Sold | |||
| Aug 8, 2025 | In contract | - | |
| In contract | |||
| Jul 8, 2025 | Listed by Holly C & Co. Fine Homes | $489,900 | |
| Listed by Holly C & Co. Fine Homes | |||
| Jun 12, 2017 | Sold | ||
| Sold | |||
| May 3, 2017 | Listed by Vadala Real Estate | $299,900 | |
| Listed by Vadala Real Estate | |||
| | |||
|
This is a great location with views of Smith Cove and Gloucester Harbor! Close to Rocky Neck, shopping, and 128. This unit is in excellent condition and makes a great place to summer, a weekend get away, or an excellent spot if you are a boater. You are a short walk to several marinas and also have access to all the local beaches! All this or you could grill on your outside patio while watching the boats come and go in Gloucester Harbor. It also includes two parking spaces. All for under $300K! First showing at OPEN HOUSE Saturday, May 6, 11-1pm.
| |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Off Street, Unpaved
Interior Details
Full Bathrooms: 1
Interior Features: Lighting - Overhead, Home Office
Appliances: Disposal, Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Range, Oven
Flooring Type: Wood, Tile, Flooring - Stone/Ceramic Tile
Door Features: French Doors
Laundry Features: Common Area, In Building
Rooms: 4
Basement: N
Exterior Details
Square Footage: 787
Year Built Source: Public Records
Year Built: 1890
Waterfront Features: Waterfront, Harbor, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Building Name: Pirates Lane Condominium
Building Area Total: 787
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Covered
Lot Size Units: Acres
Tax Lot: 1B
Water Source: Public
Financial Details
Tax Map Number: 63
Tax Assessed Value: $407,700
Tax Annual Amount: $3,963
Utilities Details
Cooling Type: Ductless
Heating Type: Ductless, Electric Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Laundry
HOA Fee: $260
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/08/2025
|
1 Bed
|
1 Bath
|
787 ft²
|
$489,900
1 Bed
1 Bath
787 ft²
|
$460,000
-6.10%
08/22/2025
|
David Billard
Holly C & Co. Fine Homes
| |
|
06/21/2024
|
2 Bed
|
2 Bath
|
1481 ft²
|
$799,000
2 Bed
2 Bath
1481 ft²
|
-
-
|
Jan - Eileen Team
Keller Williams Realty
| |
|
05/17/2023
|
2 Bed
|
2 Bath
|
-
|
$849,000
2 Bed
2 Bath
|
-
-
|
Andrea Osbon
Churchill Properties
| |
|
08/09/2021
| |
2 Bed
|
2 Bath
|
1436 ft²
|
$1,159,000
2 Bed
2 Bath
1436 ft²
|
-
-
|
Julie Smith
Engel & Volkers By The Sea
|
|
03/31/2020
|
2 Bed
|
1 Bath
|
1114 ft²
|
$529,000
2 Bed
1 Bath
1114 ft²
|
$505,000
-4.54%
10/22/2020
|
Martha Anger
Engel & Volkers By The Sea
| |
|
03/31/2020
|
1 Bed
|
1 Bath
|
572 ft²
|
$399,000
1 Bed
1 Bath
572 ft²
|
$355,000
-11.03%
09/11/2020
|
Julie Smith
Engel & Volkers By The Sea
| |
|
09/30/2019
|
2 Bed
|
2 Bath
|
1436 ft²
|
$649,900
2 Bed
2 Bath
1436 ft²
|
$625,000
-3.83%
12/24/2019
|
SeaSide Sellers Team
Holly C & Co. Fine Homes
| |
|
12/12/2018
|
1 Bed
|
1 Bath
|
473 ft²
|
$245,000
1 Bed
1 Bath
473 ft²
|
$235,000
-4.08%
02/08/2019
|
Karin O'Donnell
Holly C & Co. Fine Homes
| |
|
07/05/2018
|
2 Bed
|
1 Bath
|
1114 ft²
|
$399,500
2 Bed
1 Bath
1114 ft²
|
$375,000
-6.13%
09/14/2018
|
Rosemary Quarato
RE/MAX 360
| |
|
07/03/2018
|
1 Bed
|
1 Bath
|
590 ft²
|
$308,000
1 Bed
1 Bath
590 ft²
|
$303,000
-1.62%
10/30/2018
|
Rick Petralia
Churchill Properties
| |
|
11/07/2017
|
2 Bed
|
1 Bath
|
1027 ft²
|
$369,900
2 Bed
1 Bath
1027 ft²
|
$365,000
-1.32%
01/08/2018
|
Karin O'Donnell
Holly C & Co. Fine Homes
| |
|
05/03/2017
|
1 Bed
|
1 Bath
|
787 ft²
|
$299,900
1 Bed
1 Bath
787 ft²
|
$299,900
06/12/2017
|
William Goodwin
Vadala Real Estate
| |
|
05/01/2016
|
1 Bed
|
1 Bath
|
558 ft²
|
$297,000
1 Bed
1 Bath
558 ft²
|
$293,500
-1.18%
08/22/2016
|
Ana & Rick Team
J. Barrett & Company
| |
|
03/01/2016
|
1 Bed
|
1 Bath
|
590 ft²
|
$295,000
1 Bed
1 Bath
590 ft²
|
$283,000
-4.07%
03/24/2016
|
The Rental Team
Hayden Rowe Properties
| |
|
03/19/2012
|
1 Bed
|
1 Bath
|
813 ft²
|
$174,900
1 Bed
1 Bath
813 ft²
|
$165,000
-5.66%
06/08/2012
|
Team Harborside
Harborside Realty
| |
|
01/08/2011
|
1 Bed
|
1 Bath
|
785 ft²
|
$169,900
1 Bed
1 Bath
785 ft²
|
$165,000
-2.88%
05/27/2011
|
Lynda Walsh
Tache Real Estate, Inc.
| |
|
06/04/2010
|
1 Bed
|
1 Bath
|
572 ft²
|
$314,000
1 Bed
1 Bath
572 ft²
|
$295,000
-6.05%
08/16/2010
|
Ginger Attaya
Advisors Living - Gloucester
| |
|
04/15/2009
|
2 Bed
|
1 Bath
|
1129 ft²
|
$249,000
2 Bed
1 Bath
1129 ft²
|
$235,000
-5.62%
03/16/2010
|
Ginger Attaya
Advisors Living - Gloucester
| |
|
04/29/2008
|
2 Bed
|
1 Bath
|
1114 ft²
|
$329,000
2 Bed
1 Bath
1114 ft²
|
$315,000
-4.26%
06/05/2009
|
Ginger Attaya
Advisors Living - Gloucester
| |
|
10/17/2002
|
2 Bed
|
2 Bath
|
1436 ft²
|
$389,000
2 Bed
2 Bath
1436 ft²
|
$370,000
-4.88%
06/26/2003
|
J. Donald Spence
Coldwell Banker Residential Brokerage - Beverly
| |
|
08/08/2002
|
1 Bed
|
1 Bath
|
665 ft²
|
$299,000
1 Bed
1 Bath
665 ft²
|
$299,000
10/01/2002
|
Felicity Grant
Annisquam Village Realty
| |
|
06/26/2002
|
1 Bed
|
1 Bath
|
813 ft²
|
$249,500
1 Bed
1 Bath
813 ft²
|
$245,500
-1.60%
09/06/2002
|
Paul Dalzell
Coldwell Banker Residential Brokerage - Gloucester
| |
|
04/29/2002
|
1 Bed
|
1 Bath
|
473 ft²
|
$195,000
1 Bed
1 Bath
473 ft²
|
$190,000
-2.56%
08/22/2002
|
Kathryn Tully
Century 21 North East
| |
|
02/26/2002
|
2 Bed
|
1 Bath
|
1001 ft²
|
$299,000
2 Bed
1 Bath
1001 ft²
|
$295,000
-1.34%
06/13/2002
|
Mary Brancaleone
Coldwell Banker Residential Brokerage - Gloucester
| |
|
11/10/2001
|
2 Bed
|
2 Bath
|
1287 ft²
|
$279,900
2 Bed
2 Bath
1287 ft²
|
$279,900
01/04/2002
|
Laurie Lee
Carlson GMAC Real Estate
| |
|
06/26/2001
|
1 Bed
|
1 Bath
|
558 ft²
|
$189,900
1 Bed
1 Bath
558 ft²
|
$182,000
-4.16%
08/31/2001
|
Deborah Broderick
Carlson GMAC Real Estate
| |
|
05/18/2001
|
2 Bed
|
1 Bath
|
1027 ft²
|
$204,000
2 Bed
1 Bath
1027 ft²
|
$199,000
-2.45%
09/20/2001
|
Kathryn Tully
Century 21 North East
| |
|
05/08/2000
|
1 Bed
|
1 Bath
|
590 ft²
|
$177,000
1 Bed
1 Bath
590 ft²
|
$178,000
+0.56%
06/29/2000
|
Kathryn Tully
Century 21 North East
| |
|
03/02/2000
|
2 Bed
|
1 Bath
|
1001 ft²
|
$189,000
2 Bed
1 Bath
1001 ft²
|
$194,000
+2.65%
05/01/2000
|
Kathryn Tully
Century 21 North East
| |
|
04/06/1999
|
1 Bed
|
1 Bath
|
-
|
$149,500
1 Bed
1 Bath
|
$146,000
-2.34%
06/01/1999
|
Janet Johnson
Conway - Hingham
| |
|
01/14/1999
|
2 Bed
|
2 Bath
|
1436 ft²
|
$225,000
2 Bed
2 Bath
1436 ft²
|
$220,000
-2.22%
06/07/1999
|
Felicity Grant
Annisquam Village Realty
| |
|
05/11/1998
|
2 Bed
|
1 Bath
|
1017 ft²
|
$139,900
2 Bed
1 Bath
1017 ft²
|
$140,400
+0.36%
09/20/1999
|
Heidi Roberts
Keller Williams Realty Evolution
| |
|
03/03/1998
|
1 Bed
|
1 Bath
|
665 ft²
|
$129,900
1 Bed
1 Bath
665 ft²
|
$118,000
-9.16%
08/18/1998
|
Phyllis Kaplan
Carlson GMAC Real Estate
| |
|
12/10/1997
|
Studio
|
1 Bath
|
813 ft²
|
$72,000
Studio
1 Bath
813 ft²
|
$62,000
-13.89%
04/06/1998
|
Kristina Bengston
Annisquam Village Realty
| |
|
11/20/1997
|
Studio
|
1 Bath
|
473 ft²
|
$95,000
Studio
1 Bath
473 ft²
|
$95,000
06/11/1998
|
Kristina Bengston
Annisquam Village Realty
| |
|
06/23/1996
|
2 Bed
|
1 Bath
|
1400 ft²
|
$168,000
2 Bed
1 Bath
1400 ft²
|
$168,000
10/11/1996
|
Janet Johnson
Conway - Hingham
| |
|
07/24/1992
| |
Loft
|
1 Bath
|
917 ft²
|
$99,900
Loft
1 Bath
917 ft²
|
$95,000
-4.90%
07/01/1996
|
Janet Johnson
Conway - Hingham
|
|
02/20/1990
| |
Loft
|
1 Bath
|
1050 ft²
|
$148,000
Loft
1 Bath
1050 ft²
|
$147,000
-0.68%
06/28/1996
|
Janet Johnson
Conway - Hingham
|
Building Info
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Address: 335 Madison Avenue, New York, NY 10017